BofA awards critical funding for conservation of historic artworks Bank of America’s Art Conservation Project began in 2010 to help address the critical need to preserve artwork for future generations. Since then, more than 275 grants have been awarded in 40 countries to conserve paintings, sculptures, works on paper, manuscripts and archeological pieces. This year’s [...]
Bank of America introduces Balance Assist, a new short-term, low-cost loan Bank of America introduced Balance Assist™, a revolutionary new solution that provides a low-cost way for clients to manage their short-term liquidity needs, borrowing only the amount they need, up to $500. Balance Assist is the latest offering in a comprehensive selection of financial solutions and [...]
Bank of America Announces Redemptions of $500,000,000 Floating Rate Senior Notes and $3,000,000,000 3.384% Fixed/Floating Rate Senior Notes, Due April 2026 Bank of America Corporation announced today that it will redeem on April 2, 2025 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2026 (CUSIP No. 06051GKN8) (the “Floating Rate [...]
BofA Community Development Banking delivers $7.8 Billion in financing, creating 12,600 housing units Bank of America Community Development Banking provided $7.8 billion in debt and equity financing last year to help create and preserve 12,600 housing units for individuals, families, seniors, veterans, the formerly homeless and those with special needs. Bank of America helps [...]
Merrill launches Ultra-High-Net-Worth Advisory Group Merrill Wealth Management announced the launch of its Ultra-High-Net-Worth (UHNW) Advisory Group, a team of more than 25 Merrill specialists who will partner with advisors to deliver comprehensive wealth and investment solutions to UHNW clients and connect them to Bank of America’s breadth of capabilities. This Group will help advisors [...]
Renters on the Treasure Coast worry that renting will hurt them in the long-term Knowing when and how to buy a home in the current market can feel like an insurmountable challenge. Between a new report that found renting is cheaper than buying a home in the 50 largest metros and the long-held belief that [...]
Study: Nearly 80% of U.S. business owners anticipate revenue growth in the coming year Nearly four out of five (78%) small and mid-sized business owners anticipate revenue growth in the next 12 months. This level of confidence spans most business owners, with 76% of women, 82% of Hispanic-Latino, 84% of Black/African American and 83% of [...]
From piggy bank to family banking: BofA launches new solution to help parents raise financially savvy kids Only 47% of college students feel financially prepared for the “real world” Bank of America recently announced a new solution to help parents support their children as they begin their financial journeys. SafeBalance Banking® for Family Banking is a bank [...]
BofA to open more than 165 financial centers by end of 2026 Over the last 10 years, Bank of America has been expanding its financial center network, opening locations nationwide in new and existing markets. The bank is on track to open more than 165 new centers across 63 markets by the end of 2026, [...]
BofA raises minimum hourly wage to $24, increasing starting salary to nearly $50K Bank of America announced that it has raised its U.S. minimum hourly wage to $24 per hour, the latest step in the company’s commitment to $25 by 2025. With the increase, the minimum annualized salary for full-time employees in the U.S. will [...]